One of Australia's top economists and China specialists, professor Ross Garnaut, warns Australians that they face a painful drop in their living standards in the next couple of years if business and politcal leaders fail to adjust to changes in the Asian region. ...

The head of Australia's biggest bank, Ian Navrev says that the persistent euro zone crisis remains the biggest threat to the world economy. Despite posting a record $7.1 billion profit, the chief executive of the Commonwealth Bank has talked down the possibility of a cut in interest rates for ...

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The federal treasurer thinks it's a good idea to let young people access superannuation to buy their first home. Critics say reduced super savings will increase the pressure on the aged pension but Peter Martin believes home ownership is vital for economic security in retirement. ...

Caught between high rents and rising house prices, first home buyers find it hard to get into the property market. Being new to the game , they need to learn how to select the right property , negotiate a mortgage and understand the process and costs of buying and selling. Mortgage broker Tim Boyle has ...

The ABC has discovered that Australia's biggest consumer leasing company, Radio Rentals, reaps $90 million of its revenue from Centrelink. Consumer advocates say the company is exploiting a lack of regulation in the industry....